Watch List notes:

China - Shanghai Union Mobiliere Société Francoise De Banque Ed De Placements Cert. d 'Actions Nom. De $20 forming date 22nd February 1926 at the French Consulate-General in Shanghai. Average Fine to VF, strongly folded in 3/4 places and some with small marginal nicks/tears and still presentable and fairly clean and crisp. Uniface in black, orange and brown and all issued to a Mr Edwin Arthur of Nottingham with various issue dates including 160 shares on 1st July 1944 No. 1561 and 80 Shares (2) on 16th February 1935 No. 0864 and 15th October 1943 No. 1303. Issue dates and various signatures manuscript filled at bottom, company embossed stamps at lower centre and lower far left. Two liquidation hand stamps at upper left on the reverses of each and manuscript signed for liquidators, the first stamp dated 25th April 1946 for 160 US Dollars and the second dated 9th January 1947 for US 80 Dollars on the 160 Shares and 80 US Dollars and 40 US Dollars for the 80 Shares. Scarce and rarely seen

Estimate: 70-140 GBP